Monday, June 1, 2015

The key aspects of running a business

Stick with it, be patient.
alot of people think "the harder I work, the faster it will go" well that can work but it's better to take your time and make your business stronger.
people have always flourished by thinking in groups so always ask someone to help you think through your problem (a mentor).
Take care of yourself.
what's the point of getting rich and not being able to spend it?


Work less accomplish more (sleep 8hrs a night)
build an advisory group (basically a think tank) get yourself a good mentor


Spend less then you want to but not less then you need too.
eat fruit and vegetables everyday (remember to get good quality)


















be people who would gladly spend nights and weekends with, whether or not it’s for work. Early on, hire generalists, not specialists (those come later).
Likewise, find investors who believe in you and your vision. Don’t just work with an investor because of their checkbook or their “value add”. Work with investors you actually like.
Life is too short to work with people you don’t like.
Think Hard About Culture Early
Even if you assemble the best group of people in the world for your startup, a bad culture will mess it all up.
Every company will have a culture that works for them and your job as the founder is to figure out what that is. You should really dedicate time before or shortly after you hire the first employees defining what the culture is. It’s easy to set a culture early, but extremely difficult later (even if you’re under 10 people).
Communicate and Be Transparent With Your Team
They are in this with you too. By making sure everyone on your team is aware of everything going on in the company (both the good and bad), you are building a very important foundation of trust that is vital for any organization.
I highly encourage having weekly all-hands meetings, as well as frequent 1-1s with everyone on your team until size makes it not feasible. Effective



























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